Gold ends at new record, after topping $1,100

NickGodt

NEW YORK (MarketWatch) -- Gold futures for immediate delivery ended at a new record closing level on Friday, after news that the U.S. unemployment rate rose above 10% fueled expectations the Federal Reserve will keep easy money available at least well into next year. Gold for November delivery rose $6.40, or 0.6%, to end at $1,095.10 an ounce, the highest closing level for a front-month contract. The more-actively traded December contract gained $6.40, or 0.6%, to $1,095.70. December gold earlier hit a record intraday high of $1,101.90 on the Comex division of the New York Mercantile Exchange.

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